Macquarie 50th Anniversary Award For Community Benefit

Macquarie 50th Anniversary Award For Community Benefit

Organisation: Macquarie Group Foundation

Apply By: 16/11/2018

Macquarie Group Foundation

The Macquarie Group Foundation is the philanthropic arm of Macquarie Group, a global diversified financial group. The Foundation provides support to hundreds of community organisations globally each year through financial support, volunteering and skills sharing.

Inspiring lasting community benefit

Supporting the communities in which we live and work has been an important part of Macquarie’s activities since our inception in 1969. In that time, our people have devoted thousands of hours to work with non-profit organisations around the world and contributed more than $A330 million to drive social change at the local community level.

We are delighted to mark our 50th anniversary by extending this tradition with a further $A50 million commitment. It is expected to be awarded to five non-profit organisations ($A10 million each) over a five-year period to fund projects globally that will have a lasting community benefit.

This new global award seeks to initiate or build on bold ideas that address an area of social need. We encourage non-profits to be imaginative in their thinking about the enduring outcomes they can achieve with this funding.

About the Award

Macquarie’s 50th Anniversary Award will be shared by approximately five organisations globally, with funding to be delivered over a period of five years.

Award objectives:

to build on an eligible organisation’s ability to address an area of social need

to encourage eligible organisations to be bold in their thinking about how to address social needs

to support excellence in the implementation of these bold ideas

to publicly promote the selected organisations’ work and inspire continuing best practice within the social sector.

Application criteria and eligibility

Applicant organisations need to meet the following criteria:

must be a registered non-profit within the applicable country and have audited financial statements and a board of directors

must have a current annual operating budget of minimum $A4 million

must demonstrate that it has been in operation for a minimum of three years

must be able to provide evidence or data to support the expected outcomes of their proposed project (either the organisation’s own data if a project is already underway, or research done elsewhere if a new project is proposed)

the proposed project must be delivered within five years upon receipt of funds or demonstrate a strong ongoing sustainability model following the five-year funding period. Funds will be released according to an agreed project timeline.

Applications are now open and will close at 5pm, Friday 16 November 2018. Applications will not be accepted after this time.

The Award selection process will have two stages, starting with the global call for applications, followed by a formal application phase for selected applicants. Finalists and winners will be announced from May 2019.